Cliffs Natural Resources (CLF) : Traders are bullish on Cliffs Natural Resources (CLF) as it has outperformed the S&P 500 by a wide margin of 42.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 17.91%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 19.67% in the last 1 week, and is up 48.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 28.85% and the 50-Day Moving Average is 59.43%.
Cliffs Natural Resources (NYSE:CLF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.22 and $7.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.30, notching a gain of 0.69% for the day. The total traded volume was 6,710,146 . The stock had closed at $7.25 on the previous day.
The company Insiders own 4.52% of Cliffs Natural Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -73.68% . Institutional Investors own 51.32% of Cliffs Natural Resources shares. During last six month period, the net percent change held by insiders has seen a change of -73.68%. In a related news, Goncalves Lourenco, CEO of Cliffs Natural Resources Inc. had purchased 100,000 shares on May 9, 2016 in a transaction. The price per share was $3.04 and the total amount of the disclosed transaction was $304,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Cliffs Natural Resources Inc. is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company also produces low-volatile metallurgical coal in the United States from its mines located in Alabama and West Virginia. In addition, it operates an iron ore mining complex in Western Australia and owns two non-operating iron ore mines in Eastern Canada. The Company operates in segments: U.S. Iron Ore, Asia Pacific Iron Ore and North American Coal. In the United States, it operates five iron ore mines in Michigan and Minnesota and two metallurgical coal operations located in Alabama and West Virginia. Its Asia Pacific operations consist of its Koolyanobbing iron ore mining complex in Western Australia.